What changed in this filing

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Item 3. Legal Proceedings

2025-03-07 compared with 2024-03-08 · 36 added, 28 removed, 19 unchanged (77% of the section changed)

Legal Proceedings .

In the ordinary course of our business, the Company

and its subsidiaries are parties to various legal actions, which we believe are incidental to the operation of our business.

the ultimate outcome and amount of liability, if any, with respect to these legal actions cannot presently be ascertained with certainty,

in the opinion of management, based upon information currently available to us, any resulting liability is not likely to have a material

adverse effect on the Company’s consolidated financial position, results of operations or cash flows.

the ordinary course of our business, the Company and its subsidiaries are parties to various legal actions, which we believe are incidental

to the operation of our business.

Although the ultimate outcome and amount of liability, if any, with respect to these legal actions

cannot presently be ascertained with certainty, in the opinion of management, based upon information currently available to us, any resulting

liability is not likely to have a material adverse effect on the Company’s consolidated financial position, results of operations or

Mine Safety Disclosures.

Not Applicable

Supplemental Item:

Information about our Executive

The following table lists the names and ages

of the executive officers of the Company as of February 24, 2024, the positions presently held by each executive officer, and the principal

occupation(s) and business experience of each executive officer during the past five years.

Unless otherwise indicated, each person has

held his or her principal occupation(s) for more than five years.

Held with the Company and its Subsidiaries and Principal Occupation(s)

Information about our Executive Officers

following table lists the names and ages of the executive officers of the Company as of February 21, 2025, the positions presently held

by each executive officer, and the principal occupation(s) and business experience of each executive officer during the past five years.

Unless otherwise indicated, each person has held his or her principal occupation(s) for more than five years.

Held with the Company and

its Subsidiaries and Principal Occupation(s)

Chairman of the Company since April 2015;

Director of the Company since February 2010;

Director of the Company since

February 2010;

President and Chief Executive Officer of the Company since January 2010 and of State Bank since January 2006;

Director of State Bank since 2006;

of State Bank since 2006;

President of RDSI since October 2011;

Member of State Bank Trust Investment Review Committee since March

Executive Vice President and Chief Financial Officer of the Company and State Bank since March 2010;

Executive Vice President

and Chief Financial Officer of the Company and State Bank since March 2010;

Chief Financial Officer of RDSI since October 2011;

Member of State Bank Trust Investment Review Committee since June 2010.

of State Bank Trust Investment Review Committee since June 2010.

Ernesto Gaytan

Executive Vice President and Chief Technology Innovation Officer of the Company and State Bank since November 2017.

Executive Vice President and Chief Lending Officer of State Bank since December 2021;

Executive Vice President

and Chief Technology Innovation Officer of the Company and State Bank since November 2017.

Executive Vice President and Chief Lending Officer of State Bank since

December 2021;

Senior Vice President and Chief Lending Officer of State Bank from September 2021 through December 2021;

Senior Vice President and Chief Credit Officer of State Bank from November 2017 through November 2019;

Vice President and Senior Credit Analyst of State Bank from September 2012 through November 2017;

Assistant Vice President and Commercial Services Officer of State Bank from September 2011 to September 2012;

President and Chief Credit Officer of State Bank from November 2017 through November 2019;

Vice President and Senior Credit Analyst

of State Bank from September 2012 through November 2017;

Assistant Vice President and Commercial Services Officer of State Bank from

September 2011 to September 2012;

Assistant Vice President and Credit Analyst of State Bank from January 2010 through September 2012;

Began working for State Bank in October 2007 as a Credit Analyst;

Walz left State Bank in November 2019 to work as President for K&P Medical Transport, LLC.

Walz left State Bank in November 2019 to work as President

for K&P Medical Transport, LLC.

prior to rejoining State Bank in September 2021.

Executive Vice President of the Company since July 2019;

Executive Vice President and Chief Operations Officer of State Bank since August 2023;

Executive Vice President and Chief Risk Officer from July 2019 to August 2023;

Executive Vice

President and Chief Operations Officer of State Bank since August 2024;

Executive Vice President and Chief Risk Officer from July

2019 to August 2024;

Senior Vice President and Chief Enterprise Risk Management Officer of State Bank from August 2018 through July

3 unchanged sentences

Began working for State Bank in February 1990 as the Accounting Supervisor.

Columbus Regional President and Residential Real Estate Executive of State Bank since May 2021;

Columbus Regional President of State Bank from November 2007 through May 2021;

Residential Real Estate Executive of State Bank since April 2024;

Regional President and Residential Real Estate Executive of State Bank from May 2021 through April 2024;

Columbus Regional President

of State Bank from November 2007 through May 2021;

Began working for State Bank in November 2007 as a Columbus Regional President.

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 3. Legal Proceedings